In the crypto industry, ASIC or application-specific integrated circuits refer to mining devices whose functionality is adapted to a specific algorithm. Devices of this type are particularly well-known in the field of industrialized Bitcoin mining. For this purpose, they are often collected in large quantities in so-called Bitcoin farms. Compared to conventional computers, ASICs have a much higher task-specific computing power.
Individual algorithms strive for ASIC resistance in order to achieve broader decentralization. An example of this is the RandomX algorithm of the cryptocurrency Monero.